Product Code: ETC105409 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Corn Starch Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 14.98% in 2025, climbs to a high of 17.25% in 2028, and moderates to 16.23% by 2029.
By 2027, Vietnam's Corn Starch market is forecasted to achieve a exponential growth rate of 16.94%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Vietnam corn starch market is experiencing growth owing to its diverse applications in the food, textile, and pharmaceutical industries. Corn starch, a versatile ingredient, is used as a thickening agent, stabilizer, and in the production of various food products. The market is characterized by the presence of both domestic and international manufacturers catering to the increasing demand. With the expanding food processing industry and the rising awareness of clean label products, the corn starch market in Vietnam is poised for further development.
The Vietnam Corn Starch market is driven by its extensive use in the food and beverage industry as a thickening and stabilizing agent. The market benefits from the growth of the processed food industry and the increasing consumer preference for natural and plant-based ingredients. Additionally, corn starch has applications in various non-food industries, such as textiles and pharmaceuticals, contributing to its demand.
The Vietnam Corn Starch market confronts challenges related to supply and demand dynamics. Corn starch is a versatile ingredient used in various industries, including food, pharmaceuticals, and textiles. Maintaining a stable supply of high-quality corn starch while addressing issues like crop diseases, climate change, and fluctuations in corn production can be a challenge. Additionally, market demand may vary due to changing consumer preferences and dietary trends, requiring adaptability to meet shifting market needs.
The Vietnam Corn Starch Market faced a mixed impact during the COVID-19 pandemic. While the food and beverage sector, a significant consumer of corn starch, witnessed disruptions in the supply chain and reduced consumer spending during lockdowns, other industries such as pharmaceuticals and textiles experienced increased demand for starch-based products. The pandemic emphasized the need for diversified applications of corn starch and encouraged innovation in its use across various industries. The market is poised for recovery as economic activities normalize, and industries adapt to changing consumer preferences. Additionally, the focus on sustainable sourcing and production practices is likely to shape the future trajectory of the Vietnam Corn Starch Market.
In the dynamic Vietnam Corn Starch market, several key players play pivotal roles, contributing to the industry`s growth and competitiveness. Among these prominent participants, companies such as Saigon Industrial Corporation (SGC), Hoang Lam Trading Co. Ltd., and Vina Starch Corporation have established themselves as leading entities. Saigon Industrial Corporation, with its robust production capabilities and commitment to quality, has become a key player in the market, supplying a diverse range of corn starch products to meet various industrial needs. Hoang Lam Trading Co. Ltd. is recognized for its strategic distribution network and customer-centric approach, ensuring widespread market presence and customer satisfaction. Vina Starch Corporation, through continuous innovation and sustainable practices, has carved a niche for itself, contributing significantly to the overall growth and development of the Vietnam Corn Starch industry. These key players not only showcase a strong market position but also exemplify a dedication to excellence, making them influential forces shaping the landscape of the Vietnam Corn Starch market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Corn Starch Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Corn Starch Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Corn Starch Market - Industry Life Cycle |
3.4 Vietnam Corn Starch Market - Porter's Five Forces |
3.5 Vietnam Corn Starch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Corn Starch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Corn Starch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Corn Starch Market Trends |
6 Vietnam Corn Starch Market, By Types |
6.1 Vietnam Corn Starch Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Corn Starch Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Vietnam Corn Starch Market Revenues & Volume, By Native Starch, 2018 - 2031F |
6.1.4 Vietnam Corn Starch Market Revenues & Volume, By Modified Starch, 2018 - 2031F |
6.1.5 Vietnam Corn Starch Market Revenues & Volume, By Sweeteners, 2018 - 2031F |
6.2 Vietnam Corn Starch Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Corn Starch Market Revenues & Volume, By Food and Beverages, 2018 - 2031F |
6.2.3 Vietnam Corn Starch Market Revenues & Volume, By Animal Feed, 2018 - 2031F |
6.2.4 Vietnam Corn Starch Market Revenues & Volume, By Pharmaceuticals and Chemicals, 2018 - 2031F |
6.2.5 Vietnam Corn Starch Market Revenues & Volume, By Textiles, 2018 - 2031F |
6.2.6 Vietnam Corn Starch Market Revenues & Volume, By Paper and Corrugates, 2018 - 2031F |
6.2.7 Vietnam Corn Starch Market Revenues & Volume, By Others, 2018 - 2031F |
7 Vietnam Corn Starch Market Import-Export Trade Statistics |
7.1 Vietnam Corn Starch Market Export to Major Countries |
7.2 Vietnam Corn Starch Market Imports from Major Countries |
8 Vietnam Corn Starch Market Key Performance Indicators |
9 Vietnam Corn Starch Market - Opportunity Assessment |
9.1 Vietnam Corn Starch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Corn Starch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Corn Starch Market - Competitive Landscape |
10.1 Vietnam Corn Starch Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Corn Starch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |